Review of Alliant Credit Union Personal Loans Find the best loan for you
If you need cash fast, Alliant Credit Union typically provides same day online personal loans between $ 1,000 and $ 50,000. The Chicago-based $ 14 billion credit union, founded in 1935, is one of the largest in the country, with 600,000 members.
In addition to personal loans, Alliant offers home and auto loans, credit cards, checking and savings accounts, individual retirement accounts, trust accounts and insurance policies.
- Loans range from $ 1,000 to $ 50,000.
- Funds are often deposited on the same day.
- No prepayment penalty applies if you prepay all or part of a loan.
- You must be a member to be eligible.
You can use an Alliant personal loan to consolidate other loans, cover emergency expenses, or pay for home renovations.
If you want an Alliant personal loan, you will apply on the Alliant Credit Union website by selecting Personal Loans under the Borrow tab. Click the Apply Now button.
If you are a member of a credit union, you will log in and apply. Alternatively, you can apply as a new member and then join the credit union if you accept a loan offer.
Borrowers often receive same-day approval and financing.
Common uses of loans include:
- Debt consolidation.
- Support for emergency expenses.
- Renovation of a house.
- Take a unique vacation.
Borrowers cannot use the loans for:
- Fund illegal activities.
Loan approval and APR depend on creditworthiness, repayment capacity and method of payment, and rates vary based on these factors. The repayment terms are 12, 24, 48 or 60 months.
The lender provides these estimates but offers an online personal loan repayment calculator:
- 6.24% for 12 months.
- 7.24% for 24 months.
- 9.24% for 48 months.
- 10.24% for 60 months.
Alliant does not charge any origination or prepayment fees if you want to prepay part or all of your loan. However, late fees may apply if borrowers do not pay on time; amount and grace period vary.
Anyone who is a member of Alliant Credit Union and who meets their criteria for a personal loan is eligible.
You can join the credit union if you are a current or retired employee of an Alliant US business partner; a domestic partner or immediate family member of an Alliant member; where you live or work in a eligible Chicago area community.
Alliant assesses various factors when a person applies for a personal loan, including their credit rating. The lender will also look at your income, debt to income ratio and other aspects of your finances when deciding whether or not to approve your personal loan.
Alliant Credit Union operates in all 50 states plus Washington, DC
Alliant Credit Union obtains an A + rating from the Better Business Bureau. Trustpilot gives Alliant 3 out of 5 stars, but the credit union only received eight reviews.
The Consumer Financial Protection Bureau collected a complaint in 2020 regarding Alliant Credit Union personal loans.
If you’re having a problem with your Alliant personal loan, you can call 24/7 customer service at 800-328-1935.
You can also contact us online: Click Contact under Help and Support at the bottom right of the Alliant Credit Union home page. The next page displays a drop-down menu; select General Question to complete a form that will ask someone from Alliant to follow you by phone or email.
- People who want online personal loans from $ 1,000 to $ 50,000.
- People who need quick cash.
- People who plan to prepay all or part of a loan.